IDFC arm to buy First Solar's power plants in India - report

First Solar PV plant. Source: First Solar Inc

April 13 (Renewables Now) - Тhe asset management unit of infrastructure financier IDFC Ltd (BOM:532659) is negotiating the acquisition of the Indian solar power assets of US firm First Solar Inc (NASDAQ:FSLR), Mint said today.

The deal with IDFC Alternatives is for about 200 MW and is “potentially valued” at some USD 200 million (EUR 188m), the business daily said, citing sources. Further details are not yet available.